{"id":134185,"date":"2024-07-26T20:15:48","date_gmt":"2024-07-26T17:15:48","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134185"},"modified":"2024-07-26T18:36:34","modified_gmt":"2024-07-26T15:36:34","slug":"michael-saylor-is-looking-for-a-government-bitcoin-bailout-peter-schiff","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/michael-saylor-is-looking-for-a-government-bitcoin-bailout-peter-schiff\/","title":{"rendered":"Michael Saylor is Looking for a Government Bitcoin Bailout &#8211; Peter Schiff"},"content":{"rendered":"<p>Saylor&#8217;s proposal suggested that the U.S. should back its currency with <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong>, comparing it to &#8220;cyber Manhattan.&#8221;<\/p>\n<p>Saylor argued that adopting Bitcoin could bolster the U.S. economy similarly to historic land acquisitions like the Louisiana Purchase.<\/p>\n<p>He urged the government to acquire a significant Bitcoin reserve, drawing a parallel to its existing gold and land holdings.<\/p>\n[readmroe id=&#8221;134178&#8243;]\n<p>Schiff rejected Saylor&#8217;s proposal, denouncing it as a form of a pyramid scheme. He warned that such a move could endanger taxpayers if the scheme fails.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Ironically, <a href=\"https:\/\/twitter.com\/saylor?ref_src=twsrc%5Etfw\" target=\"_blank\">@saylor<\/a> is looking for a government <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">#Bitcoin<\/a> bailout. He knows the Bitcoin blockchain letter is running out of chain and wants the U.S. government to become the buyer of last resort, leaving American taxpayers as the ultimate bag holders in the Bitcoin pyramid scheme.<\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1816824647234548055?ref_src=twsrc%5Etfw\" target=\"_blank\">July 26, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Schiff criticized Bitcoin as lacking real value and yield compared to traditional investments and commodities.<\/p>\n<p>The renowned economis also targeted the Bitcoin documentary \u201cGod Bless Bitcoin,\u201d accusing it of falsely portraying Bitcoin as an equitable investment and efficient in energy use. He argued that Bitcoin is wasteful and that early investors have an unfair advantage over later entrants.<\/p>\n<p>The exchange highlights the ongoing debate over Bitcoin\u2019s role and value in the financial system, with Saylor envisioning a pivotal role for Bitcoin and Schiff remaining a vocal skeptic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economist Peter Schiff has harshly criticized Michael Saylor, the founder of MicroStrategy, for his recent Bitcoin advocacy.<\/p>\n","protected":false},"author":3,"featured_media":31798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22,27],"tags":[],"class_list":["post-134185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Michael Saylor is Looking for a Government Bitcoin Bailout - Peter Schiff<\/title>\n<meta name=\"description\" content=\"Economist Peter Schiff has harshly criticized Michael Saylor, the founder of MicroStrategy, for his recent Bitcoin advocacy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/michael-saylor-is-looking-for-a-government-bitcoin-bailout-peter-schiff\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Michael Saylor is Looking for a Government Bitcoin Bailout - Peter Schiff\" \/>\n<meta property=\"og:description\" content=\"Economist Peter Schiff has harshly criticized Michael Saylor, the founder of MicroStrategy, for his recent Bitcoin advocacy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/michael-saylor-is-looking-for-a-government-bitcoin-bailout-peter-schiff\/\" \/>\n<meta property=\"og:site_name\" content=\"Cryptodnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-26T17:15:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/mike-saylor.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2400\" \/>\n\t<meta property=\"og:image:height\" content=\"1350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/michael-saylor-is-looking-for-a-government-bitcoin-bailout-peter-schiff\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/michael-saylor-is-looking-for-a-government-bitcoin-bailout-peter-schiff\/\"},\"author\":{\"name\":\"Alexander Stefanov\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"headline\":\"Michael Saylor is Looking for a Government Bitcoin Bailout &#8211; 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